EF17-16 (similar to) Data for Muscateer Designs, Inc. follow: (Click the icon to view the data.) Read the requirements Requirement 1. Prepare a comparative common-size income statement for Muscateer Designs, Inc. using the 2024 and 2023 data. Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, XX. Enter the percentages without the %. 1.1.) Data Table - X Muscateer Designs, Inc. Common-Size Income Statement Years Ended December 31, 2024 and 2023 2024 % 2023 % % % Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Muscateer Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 % % 2023 % % Net Sales Revenue $ 432,000 $ 373,750 Other Expenses % % Total Expenses % % 190,000 Net Income % % Expenses Cost of Goods Sold Selling and Administrative Expenses Other Expenses 202,650 100,250 8,350 94,750 6,000 Requirements 311,250 290.750 Total Expenses $ 120,750 $ 83,000 Net Income 1. Prepare a comparative common-size income statement for Muscateer Designs, Inc. using the 2024 and 2023 data. Round percentages to one-tenth percent. 2. To an investor, how does 2024 compare with 2023? Explain your reasoning. Print Done McAfee Your file is safe to open We scanned SnippingTool.e- you opened it it's virus-fr Clear All Print Done O Type here to search H